Boston, MA (August 11, 2020) – In recognition of the extraordinary need facing Boston children during the COVID-19 crisis, Bain Capital has donated $150,000 to support Jumpstart and its work on behalf of Boston-area young learners.
During these unprecedented times, Bain Capital and its employees have made a commitment to support causes in the Boston community and globally where there have been significant COVID-related impacts and where they can best contribute to improving racial equity, social justice, and civil rights.
This latest gift bolsters a long-standing partnership between Jumpstart and Bain Capital that spans two decades. The firm and its employees have provided consistent support in charitable contributions as well as volunteer hours and service on Jumpstart’s national and local boards of directors.
“With the gap in educational opportunity widening as a result of COVID, our communities’ youth need more support than ever before to prepare them for success in school,” said a Bain Capital Private Equity Managing Director and Jumpstart National Board of Directors member. “For decades, Jumpstart has honed a highly innovative and effective approach toward connecting college students and children with a strong focus on underserved communities. All of us here at Bain Capital are pleased to do our part to support their critical mission.”
Each year, Jumpstart typically recruits and trains almost 700 Massachusetts-area college student volunteers who serve over 2,000 local preschool children, helping to develop the key skills needed for kindergarten success. In the face of COVID-19 and extended out-of-school time, this gift will ensure Jumpstart is able to continue supporting local children hit hardest by gaps in access to critical early learning opportunities. Funds will be utilized to prepare alternative hybrid, online, and in-classroom learning options for children; develop new virtual models to train college student volunteers; and design at-home and online learning resources and tools for families and children.
“This extraordinary gift could not have come at a more important time for Jumpstart,” said CEO Naila Bolus. “In this moment, when our communities face a near-existential threat from multiple and compounding crises, Bain Capital has demonstrated, once again, that it is a model of philanthropic partnership. Many thousands of children and families will benefit from the firm’s generosity, the impact of which will be felt well into the next school year.”
Jumpstart is a national early education organization working toward the day every child in America enters kindergarten prepared to succeed. Jumpstart delivers a research-based and cost-effective program by training college students to serve preschool-age children in underserved neighborhoods. Through a proven curriculum, these children develop the language and literacy skills they need to be ready for kindergarten, setting them on a path for lifelong success. Jumpstart is also a proud member of the AmeriCorps national service network. To learn more, visit jstart.org.
ABOUT BAIN CAPITAL
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,200 employees and approximately $100 billion in assets under management. To learn more, visit www.baincapital.com or follow Bain Capital on Twitter.